XRP 12h What's closer to your heart? Buy at0.27$ or sell at1.20$

24 feb 2021

Today we will look at a possible scenario of XRPUSDT movement on a large time frame, as our previous short-term XRPUSD idea gained more popularity.

The previous idea, albeit with difficulties, nevertheless reached the target of $0.60 and even slightly higher.
Then a strong coin fall awaited us, the main trigger, of course, was the fall in BTC
The fall was more than 40% and, unfortunately, the exchanges liquidated most of the long positions in those who like margin trading without stops. Don't trade like that ...!

If we look at the picture globally, we can see the big consolidation in the triangle, which started back in November last year. The upper border of this triangle passes somewhere through $0.73-0.74, if the price can gain a foothold above, then we will face growth in the XRPUSD pair

However, if you look in more detail, we will see that this month the XRPUSDT price tried to break up the $0.57-0.63 zone three times, but the buyers were defeated.
If they do not break up and from the fourth time, then buyers may completely surrender, and this may entail a fall in price to $0.27

Therefore, be careful and sensible when trading Ripple
_____________________
Since 2016, we have been analyzing and trading the cryptocurrency market.
We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)